NASBP Feb. 5 Virtual Seminar: "Understanding the How and Why of ESOP Transactions"


Join us from 2 to 3 p.m. Eastern time Tuesday for the NASBP Virtual Seminar titled "Understanding the How and Why of ESOP Transactions" and learn why surety professionals should understand employee stock ownership plans (ESOPs), an increasingly popular exit strategy for many construction companies. Of more than 12 million privately owned businesses in the U.S., 70% will be changing hands in the next 10 to 15 years. Many owners of these companies will have spent little time planning for retirement and even less time planning for how they will sell or transfer ownership of their companies. This presentation will examine case studies highlighting challenges faced by newly formed ESOP companies and how the adversity was managed, how the surety industry should be involved in the process, how the "fiscal cliff" and tax changes in 2013 could affect ESOPs, the terms of the transaction and how the valuation is performed, and how a company is affected before and after a leveraged ESOP transaction. Presenters from the CPA firm of Moss Adams include the firm's partners Elaine Ervin, CPA, and Dena Herbolich, CPA, as well as Wayne D. Fjeld, CFA, ASA, a senior manager of the firm's advisory services. Register now.

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